Kite Realty Group Trust 8-K, filed Mar 23, 2023
Kite Realty Group Trust (KRG)
8-K
2023-03-23
For: 2023-03-19
View Original
Added on
April 09, 2026
About this 8-K
Kite Realty Group Trust filed this 8-K on March 23, 2023, reporting on events of March 19, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 19, 2023
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
On March 20, 2023, William E. Bindley, who has served as lead independent trustee of Kite Realty Group Trust (the “Company”) since the Company’s initial public offering in 2004, notified the Company that he does not intend to stand for re-election at the 2024 annual meeting of shareholders (the “2024 annual meeting”). Assuming he is re-elected at this year’s annual meeting, Mr. Bindley would retire from the Company’s Board of Trustees (the “Board”) as of the commencement of the 2024 annual meeting.
On March 19, 2023, Gerald M. Gorski, who has served as an independent trustee of the Company since the Company’s merger with Retail Properties of America, Inc. (“RPAI”) in October 2021, notified the Company that he does not intend to stand for re-election at the 2024 annual meeting. Assuming he is re-elected at this year’s annual meeting, Mr. Gorski would retire from the Board as of the commencement of the 2024 annual meeting.
In connection with the voluntary decisions of Messrs. Bindley and Gorski to not stand for re-election at the 2024 annual meeting, the size of the Board is expected to be decreased, consistent with the Board’s desire to reduce the size of the Board (currently comprised of 13 members following the Company’s merger with RPAI in 2021) over time to a size that is more typical of comparable companies.
The voluntary decisions of Messrs. Bindley and Gorski to not stand for re-election were not due to any disagreement between either of them and the Company, the Board, or management.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| KITE REALTY GROUP TRUST | ||||||||
| Date: March 23, 2023 | By: | /s/ HEATH R. FEAR | ||||||
| Heath R. Fear | ||||||||
| Executive Vice President and Chief Financial Officer | ||||||||